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Commodities not finding much traction

Posted on 14 January 2013

Commodities continued to show weakness into the second week of 2013 despite rising stock markets and a falling US dollar. Investors are generally in a positive mood at this time of year, but so far this sentiment has only been seen in equities with global stocks rising to their highest level in 19 months.
The US dollar rally seen during the first week quickly faded and the EURUSD has now returned to the top of its current range. However, so far this has failed to lift commodities. Chinese economic data, though, did help support prices as exports jumped by 14 per cent in December, thereby potentially confirming a rebound in the global economy………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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